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Firms Operating under Infrastructure and Credit Constraints in Developing Countries : The Case of Power Generators

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dc.contributor.authorAlby, Philippe
dc.contributor.authorDethier, Jean-Jacques
dc.contributor.authorStraub, Stephane
dc.date.accessioned2012-03-19T18:43:18Z
dc.date.available2012-03-19T18:43:18Z
dc.date.issued2010-12-01
dc.description.abstractMany developing countries are unable to provide their industrial sector with reliable power and many enterprises have to contend with electricity that is insufficient and of poor quality. Because of these constraints, firms in developing countries opt for self-generation even though it is widely considered a second best solution. This paper develops a theoretical model of investment behavior in remedial infrastructure when physical and credit constraints are present. It then tests econometrically some implications from this model using a large sample of enterprises from 87 countries from the World Bank Enterprise Survey Database. After showing that these constraints interact and have non-linear effects depending on the industrial sector's degree of reliance on electricity and size of firms, the paper draws differentiated policy recommendations. Credit constraints appear to be the priority in sectors very reliant on electricity to spur entry and convergence to the technological frontier, while in other sectors, firms would benefit more widely from marginal improvements in electrical supply.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101208091027
dc.identifier.doi10.1596/1813-9450-5497
dc.identifier.urihttps://hdl.handle.net/10986/3981
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5497
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO ELECTRICITY
dc.subjectACCESS TO FINANCE
dc.subjectAPPROACH
dc.subjectBARRIERS TO ENTRY
dc.subjectBORROWER
dc.subjectCARBON
dc.subjectCHEMICALS
dc.subjectCLIMATE
dc.subjectCO
dc.subjectCOLLATERAL
dc.subjectCOMPETITORS
dc.subjectCONVERGENCE
dc.subjectCOST OF ELECTRICITY
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectDIESEL
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectELECTRIC GENERATOR
dc.subjectELECTRIC GENERATORS
dc.subjectELECTRIC POWER
dc.subjectELECTRIC SUPPLY
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY PRICES
dc.subjectELECTRICITY SUPPLY
dc.subjectEMPLOYMENT
dc.subjectENDOWMENTS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY EFFICIENCY
dc.subjectENTREPRENEUR
dc.subjectENTREPRENEURS
dc.subjectEXCESS CAPACITY
dc.subjectEXPENDITURE
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET
dc.subjectFIRM SIZE
dc.subjectFIRMS
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectGENERATING CAPACITY
dc.subjectGENERATION
dc.subjectGENERATION CAPACITY
dc.subjectGENERATION OF ELECTRICITY
dc.subjectHYDROPOWER
dc.subjectINCOME GROUPS
dc.subjectINDUSTRIAL ENTERPRISES
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINITIAL INVESTMENT
dc.subjectINTERNAL FUNDS
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT IN INFRASTRUCTURE
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLOAN
dc.subjectLOANABLE FUNDS
dc.subjectMANUFACTURER
dc.subjectMANUFACTURERS
dc.subjectMETALS
dc.subjectMORAL HAZARD
dc.subjectNATIONAL GRID
dc.subjectNEGATIVE IMPACT
dc.subjectNEGATIVE IMPACTS
dc.subjectPH
dc.subjectPOWER
dc.subjectPOWER GENERATING CAPACITY
dc.subjectPOWER GENERATION
dc.subjectPOWER GENERATORS
dc.subjectPOWER PLANTS
dc.subjectPOWER PRODUCTION
dc.subjectPOWER SUPPLY
dc.subjectPRIVATE ENTREPRENEURS
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPRODUCTIVE CAPITAL
dc.subjectPROVISION OF CREDIT
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC UTILITIES
dc.subjectREAL ESTATE
dc.subjectRENEWABLE ENERGY
dc.subjectRURAL ELECTRIFICATION
dc.subjectSAVINGS
dc.subjectSERVICE QUALITY
dc.subjectSIZE OF FIRMS
dc.subjectSMALL FIRMS
dc.subjectSUPPLIERS
dc.subjectSUPPLY OF ELECTRICITY
dc.subjectTHEORY OF THE FIRM
dc.subjectVOLTAGE
dc.subjectWHOLESALE TRADE
dc.subjectWORKING CAPITAL
dc.titleFirms Operating under Infrastructure and Credit Constraints in Developing Countries : The Case of Power Generatorsen
dspace.entity.typePublication
okr.crossref.titleFirms operating under infrastructure and credit constraints in developing countries: The case of power generators
okr.date.disclosure2010-12-01
okr.date.doiregistration2025-04-10T11:36:52.404263Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101208091027
okr.globalpracticeEnergy and Extractives
okr.guid118161468157533061
okr.identifier.doi10.1596/1813-9450-5497
okr.identifier.externaldocumentum000158349_20101208091027
okr.identifier.internaldocumentum13212233
okr.identifier.reportWPS5497
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/12/08/000158349_20101208091027/Rendered/PDF/WPS5497.pdfen
okr.region.administrativeWorld
okr.region.administrativeWorld
okr.topicEnergy::Energy Production and Transportation
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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